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February 12, 2024
Millennials Are Doing Better than You Probably Think
“Each generation is worse off than the one before.” It’s one of the primary tenets of the notion that American capitalism has failed and that we live in the final days of “late capitalism.” But have things really been all downhill since the Boomers became adults? Maybe not, according to the new study “Has Intergenerational…
January 9, 2024
Post-Pandemic Recovery for America’s Prime Age Labor Force: A Tale of Two Sexes
The Bureau of Labor Statistics (BLS) “monthly jobs report” last Friday closed the book on 2023, recording a continuing expansion of both labor supply and paid work in America last year—and continuation of the lowest annual unemployment rate since the 1960s. America not only missed the 2023 recession that many (including your humble servant) were…
December 8, 2023
Room for Compromise on the Hot Foods Act
Last month, members of the House of Representatives and Senate sent a letter encouraging Farm Bill negotiators to consider the Hot Foods Act. The legislation would allow recipients of the Supplemental Nutrition Assistance Program (SNAP, formerly food stamps) to use their benefits on hot prepared meals sold at grocery stores. Currently, the program restricts hot foods from purchase…
November 30, 2023
A Valuable New Perspective on America’s War on Poverty
I suppose if you’re someone who thinks American capitalism has failed and unironically uses the phrase “late capitalism,” there’s probably no changing your mind. So I guess this post is meant for folks who have concerns about the American economy yet also have an open mind about new information. For this group, I have a…
October 27, 2023
Food Insecurity in the US and Inflation
The US Department of Agriculture (USDA) has released its annual report on household food security—a survey that measures whether US households have “access at all times to enough food for an active, healthy lifestyle.” The report documented the largest yearly increase in food insecurity since the Great Recession—increasing from 10.2 to 12.8 percent of all US households…
October 11, 2023
CHANGING THE OFFICIAL POVERTY MEASURE WOULD HELP RICH STATES AND HURT POOR STATES
Earlier this year, a National Academies of Sciences, Engineering, and Medicine report recommended elevating the Supplemental Poverty Measure (SPM) to the “nation’s headline poverty statistic,” and noted that the Office of Management and Budget could christen the SPM as the new official poverty measure. This action would require no Congressional input. The two interactive maps below report…
October 5, 2023
Do 60 Percent Of American Workers Have Insecure Jobs?
American Compass has a new survey out in which it finds, among other results, that “only 40 percent of workers have secure jobs.” This is the latest attempt by the outfit to portray the American economy as in dire need of “rebuilding.” The report summarizing the findings is titled, “Labor Market Not Yet Working for…
September 12, 2023
Please, Gen Z Aren’t “Doomed to be the First Generation of Americans Who Will Grow Up with a Lower Standard of Living Than Their Parents”
One could easily fill all the waking hours in the day—and non-waking hours, too!—with pointed responses to all the bad economic opinions expressed on social media. That said, I like to dip in every now and then with a humbly offered counterpoint. This week’s 9/11 anniversary, for example, meant the recycling of this passage from…
June 1, 2023
Will Chat Tech Help the Neuro-Divergent Find Their Place in Society?
The lament that digital technologies and social media are contributing to an epidemic of loneliness and conflict is ubiquitous. Whether these technologies caused or exacerbated these challenges is hard to unpack. My view is America’s sociability crisis was already advanced before Facebook, Twitter and other technology companies figured out how to monetize loneliness by providing…
January 24, 2023
“Gig,” Contract, and Nontraditional Workers
A recurring theme of the Workforce Futures Initiative has been how little we know about the evolving needs of workers and businesses or even how the nation’s spatially and numerically vast labor market actually operates. This is especially true when we consider the “gig” or contract worker economy, which has grown dramatically in the past…